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Texas Newsbeat

Monday, August 08, 2016

OTP 2016 August 8: Arlington could generate more tax dollars without new Rangers stadium

{A recent study] hints at an even smaller tax impact than what has been widely promoted.

The report from HR&A Advisors notes—without specifics—that some of the tax money would be used to pay off stadium debt. Also, the $2 million annual rent would help pay off the debt and eventually go toward stadium improvements when the bonds were retired. None of the Rangers rent would end up in the city’s general fund.

With those adjustments, the amount of Rangers-generated tax dollars helping pay for city services would be $66.4 million or a little more than $1.7 million each year.

The most exciting issue on my local ballot this year :)

 

BDC Posted: August 08, 2016 at 12:35 PM | 1507 comment(s)
  Beats: politics, rangers, taxes, texas

 

 

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